PPP
Public Private Partnership
In this context, a public entity entrusts to a private entity for a fixed period, a total or partial remunerated assignment for the design, financing, realization and maintenance of civil engineering structure, equipment or physical necessary for the public service. The rents paid to the private partner by the public beneficiary entity are conditional on compliance with the performance criteria set in the specifications relating to the construction and maintenance of the infrastructure. In the event of a breach of the quality of service obligations, PPP partnership contracts provide for penalties to be paid by the private partner to the public partner.